Small Business Resources

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Small Business Recovery Loan Fund: The Mass Growth Capital Corp created the $10 million Small Business Recovery Loan Fund to provide emergency capital of up to $75,000 for small businesses impacted by COVID-19. To apply, please visit EmpoweringSmallBusiness.org.

Federal Disaster Loans: The U.S. Small Business Administration (SBA) will offer low-interest federal disaster loans for working capital to Massachusetts small businesses suffering from losses as a result of the Coronavirus. The disaster declaration makes SBA assistance available in the entire state of Massachusetts and the contiguous counties in neighboring states.

To apply for aid or receive additional disaster assistance information, please consult https://disasterloan.sba.gov/ela. You can also contact the SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.

Verizon has donated $2.5 million to the national nonprofit Local Initiatives Support Corporation (LISC). LISC is targeting grants up to $10,000 to entrepreneurs of color and women-owned businesses. To register for the mid-April round of funding, click here.